Suppose that the inflation rate for a given year was 3%. In that year,
a. all prices rose by 3%
b. prices on average rose by 3%
c. the economy was in an expansion
d. the economy was in a recession
e. the inflation rate was rising
B
Economics
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The leverage ratio for the U.S. banking system in 2007 was about __________ percent
A) two B) five C) ten D) eighteen
Economics
What is one reason activists might lobby the government for regulation limiting the production of a product to less than would normally be in a perfectly competitive market?
A) They value consumer surplus more than producer surplus. B) They value producer surplus more than consumer surplus. C) They seek to avoid future regulation. D) They seek to minimize total surplus.
Economics